Original developer/owner retiring, Formula Blue completed 3 years ago, priced significantly below replacement cost.
Approximately 45 minutes from Tulsa, the hotel is located in Muskogee, Oklahoma. Muskogee is a regional hub for a number of large employers including the Veteran's Administration (1,600 employees) and the VA Medical Center (1,200 employees). Other large demand generators include the St. Francis Hospital Complex, Georgia Pacific Paper Manufacturing, Dal-Tile, Acme Engineering and Love Bottling Company. The hotel is also located near the U.S.S. Batfish Submarine and Military Museum, Three Rivers Museum, Eagle Crest Golf Course, and the Pecan Creek Winery.
The hotel was renovated several years ago and should have little PIP required for a new owner. Standard Motel IHG amenities and brand standards, including indoor pool, guest Sweet Shop, business center, fully remodeled breakfast room etc.
Owners will entertain all reasonable offers.
|Location||Off Highway 69|
|Property Description||Limited Service|
|Number of Rooms||70|
|Major Source of Business||Medical, Corporate, Casino, Retail, Tourism & Manufacturing|
|Site Size||+/- 1.85 Acres|
|Last Year Renovated
|Common Area Amenities||Breakfast area, indoor heated pool, business center, guest laundry, meeting space & fitness center|